Profit and Loss SSC MTS Questions

Profit and Loss

Profit and Loss MCQ Questions

7.

A manufacturer earns a profit of 10% on selling his products to a wholesale dealer. The wholesale dealer earns a profit of 15% by selling it to a retailer. The retailer, in turn, earns a profit of 25% from the customer. What is the actual cost of production of an article for which the customer pays ₹12,650?
SSC MTS 2023-04.09.2023-1

A.

₹8,000

B.

₹8,500

C.

₹9,000

D.

₹7,000

ANSWER :

A. ₹8,000

8.

A grocer purchased 50 kg of sugar at ₹40 per kg and mixed with 70 kg of sugar at ₹30 per kg. At what rate should he sell the mixture (per kg) to gain 20%?
SSC MTS 2023-04.09.2023-2

A.

₹60

B.

₹20

C.

₹35

D.

₹41

ANSWER :

D. ₹41

9.

A grocery seller mixes two varieties of tea costing ₹300 per kg and ₹160 per kg in such a ratio that by selling this mixture at the rate of ₹187 per kg the shopkeeper earns 10% profit. In what respective ratio does the grocery seller mix the two varieties of tea?
SSC MTS 2023-04.09.2023-2

A.

2 : 13

B.

13 : 3

C.

13 : 2

D.

1 : 13

ANSWER :

D. 1 : 13

10.

A person buys a table fan for ₹2,800 and sells it at a loss of 12%. What is the selling price of the table fan?
SSC MTS 2023-04.09.2023-2

A.

₹2,466

B.

₹2,468

C.

₹2,462

D.

₹2,464

ANSWER :

D. ₹2,464

11.

The marked price of mustard oil is 10% more than its cost price. At what percentage less than the marked price should it be sold to have no profit and no loss?
SSC MTS 2023-04.09.2023-3

A.

\(9\tfrac{3}{11}\%\)

B.

\(9\tfrac{2}{11}\%\)

C.

\(9\tfrac{1}{11}\%\)

D.

\(9\tfrac{4}{11}\%\)

ANSWER :

C. \(9\tfrac{1}{11}\%\)

12.

A store sells an item for ₹500, making a profit of 25%. Later the store reduces the price of the item by 20% to clear out old inventory. What is the new percentage profit or loss for the store?
SSC MTS 2023-04.09.2023-3

A.

2% profit

B.

5% profit

C.

5% loss

D.

No profit, no loss

ANSWER :

D. No profit, no loss